Eroglu, Abdullah; Erdas, Mehmet Levent - In: Financial studies 22 (2018) 1, pp. 6-19
value of the loan total. In a standard loan repayment plan, periodic instalments are set to a fixed amount. Besides, loan … repayment plans with geometrically or arithmetically increasing periodic amounts can also be found at mathematics of finance … some months rise considerably. In this study, general formulas are derived under the assumptions that periodic loan …